CORONAVIRUS
258 | Cash in a Crisis: SBA launches COVID-19 loan program, but experts urge caution
CORONAVIRUS
Dave Shah grew up in his family’s hotel and watched his parents and other hoteliers struggle to stay in business during the Great Recession. He thinks the economic situation for hoteliers during the COVID-19 crisis is growing worse than that time. Shah founded Pineapple Capital Group five years ago to help hotels and other small business owners buy, sell and borrow. In Episode 258, Lodging Leaders examines what financial solutions are available to hotel owners during the crisis, including the SBA emergency loan programs.
We also talked to Paul Darrow of PHD Financial which specializes in helping small business owners in negotiating distressed debt with lenders. We also feature Jyoti Sarolia of Ellis Hospitality Group who reached out to her bank early in the crisis.
And in a special addition, you’ll hear a story of miracle that is keeping one hotel afloat in the short term.
Resources and Links
CORONAVIRUS
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331 | Breaking Away: How to recruit and retain young hospitality professionals in a post-pandemic industry
Nicolas Graf, associate dean, clinical professor and chair of New York University’s Jonathan M. Tisch Center of Hospitality, will soon unveil the school’s new Hospitality Innovation Hub. Departure from the norms of doing business is key to the post-pandemic survival and success of the hospitality industry, says Graf. Companies that offer flexibility in thought and practice among employees will go a long way in leading the industry’s post-pandemic recovery. Episode 331 of Lodging Leaders explores what it will take for owners, operators and others invested in the industry to attract and retain bright young talent who can help build modern and sustainable hotel business models.
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330 | Youthful Perspective: Industry leader Bijal Patel mourns the loss of ‘an entire generation’ of hospitality workers
Bijal Patel, 31, is CEO of Coast Redwood Hospitality and the youngest chair of the California Hotel & Lodging Association. He’s made even more history at CHLA by agreeing to serve an unprecedented second term as the lodging industry emerges from the coronavirus pandemic. Patel is a third-generation hotelier. Being so steeped in hospitality at such a young age is not new for members of the Indian American hotelier community, but Patel fears the pandemic has drained the industry of emerging talent. Lodging Leaders spotlights Patel, who represents a leadership demographic that is fighting for the life of the hospitality industry as they watch their peers veer toward other career paths.